The annual event draws thousands of people to jump in the cold water of Lake Erie while raising money to help Special Olympics Ohio. The funds raised will help the organization achieve its mission to provide adults and children facing intellectual disabilities with Olympic-type competitive events and training.

The event is at Edgewater Park. The plunge begins at 12:30 p.m. with a costume contest beforehand. The $80,000 goal is 39 percent complete with $31,213 raised.

Hannah Drown of cleveland.com will broadcast the festivities on its Facebook page. Tune in for the costume contest and the plunge.